BancorpSouth’s (BXS) Hold Rating Reaffirmed at Brean Capital
BancorpSouth, Inc. (NYSE:BXS)‘s stock had its “hold” rating reissued by analysts at Brean Capital in a research report issued on Monday.
Several other brokerages also recently issued reports on BXS. Zacks Investment Research downgraded shares of BancorpSouth from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada restated a “hold” rating and set a $33.00 target price on shares of BancorpSouth in a report on Friday, October 20th. Hovde Group increased their target price on shares of BancorpSouth from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 target price on shares of BancorpSouth in a report on Thursday, October 12th. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $31.00 target price on shares of BancorpSouth in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. BancorpSouth presently has an average rating of “Hold” and a consensus price target of $33.00.
Shares of BancorpSouth (BXS) traded down 2.95% during midday trading on Monday, hitting $31.30. 660,537 shares of the company’s stock were exchanged. BancorpSouth has a 52 week low of $22.85 and a 52 week high of $32.70. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 19.27 and a beta of 1.43. The company has a 50-day moving average of $31.32 and a 200-day moving average of $30.24.
BancorpSouth (NYSE:BXS) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. BancorpSouth had a net margin of 19.59% and a return on equity of 8.98%. The company had revenue of $186.52 million during the quarter, compared to the consensus estimate of $191.32 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Equities research analysts expect that BancorpSouth will post $1.67 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. Riverhead Capital Management LLC lifted its stake in BancorpSouth by 92.5% in the second quarter. Riverhead Capital Management LLC now owns 3,657 shares of the bank’s stock valued at $112,000 after acquiring an additional 1,757 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BancorpSouth by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,841 shares of the bank’s stock valued at $117,000 after acquiring an additional 316 shares during the last quarter. Sei Investments Co. lifted its stake in BancorpSouth by 34.4% in the second quarter. Sei Investments Co. now owns 6,063 shares of the bank’s stock valued at $186,000 after acquiring an additional 1,553 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in BancorpSouth in the third quarter valued at $202,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in BancorpSouth in the third quarter valued at $203,000. Hedge funds and other institutional investors own 65.85% of the company’s stock.
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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